The Russian securities market on Thursday began trading lower

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The Russian securities market on Thursday began trading lower. To date, the leading stock indexes traded with losses in the region of 0.4% list morning you’ve been paper “Yandex” and “Aeroflot”. In the positive zone are shares of “Gazprom oil” and “Mechel”.
The external background to today’s session formed moderate. American markets closed the previous session at a rapid purchases, the change in the futures contract on the S&P premarket shows a slight decrease.
Oil prices this morning are slightly older. A barrel of Brent traded at $72,28 (+0,3%). Yesterday’s report US Department of energy showed continued growth in reserves of black gold. In addition, in the components of the report it is seen that simultaneously with the growth of congestion refinery increased oil production in the United States.
Russian ruble in the first hour of trading Thursday was a bit stronger in a basket of currencies. The US dollar was worth RUB 66,27 (-0,1%). The likely range of movement in the pair dollar/ruble today is 66,10-66,45 rubles, and Euro/ruble – 75,50-76,15 RUB.
Today in the foreign exchange market returns, the Ministry of Finance with foreign currency purchases. The actual intervention day volume is larger than was observed in the height of summer, they will increase the volatility of the ruble and in the future could provoke sharp fluctuations in exchange rates. Meanwhile, reactions to the results of the past on the eve of auction on placement of OFZ almost not apparent, although the results are very sad, the office was able to attract only half of the planned amount of funds. Market interesting short releases, which may indicate growth stock risk.
Index Mosberg session Nov within marks 2410-2450 points.
Tonight will be the next fed policy meeting in which a decision will be made on the interest rate. At this time, the surprise is not expected: with high probability the rate will remain unchanged at 2.25 percent. The next rate hike will take place at the final FOMC meeting in December. However, to listen to the speeches of members of the Federal open market Committee will be interesting. Especially interested in the opinion of the regulator regarding the deterioration of trade relations between the US and China.
Incidentally China, by the end of October presented a good balance of trade, which amounted to $34,02 billion, worse than expected, but better than the previous figure. Exports grew by 15.6%, imports grew by 21.4%. Amid improving data Asia-Pacific markets showed positive dynamics. Hong Kong’s Hang Seng index rose 0.38%. The rise of South Korea the Kospi index was 1.25%, the Indonesian Jakarta Composite index – 0,56%. The Japanese Nikkei 225 index rose 1.8%.
During the day, the ECB will publish its monthly report. The EU will present the world economic Outlook. Sberbank will release financial statements for the 10 months of 2018. An extraordinary General meeting of shareholders will hold a Moke. VEON will publish financial statements under IFRS for the third quarter of 2018. The register of shareholders for participation in EGSM close “LUKOIL”. A meeting of the Board of Directors will hold “Gazprom”.
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Alexander Razuvayev,
The Director of analytical Department,
Alpari